bnpl

Four-year-old Mexican BNPL startup Aplazo facilitates fractionated payments to offline and online merchants even when the buyer doesn’t have a credit card.

Aplazo is using buy now, pay later as a stepping stone to financial ubiquity in Mexico

We last checked in on Zaver, a Swedish B2C buy-now-pay-later (BNPL) provider in Europe, when it raised a $5 million funding round in 2021. The company has now closed a…

Buy now, pay later on a Porsche? Zaver now has $30M to make it a reality

Macquarie dramatically cut its 12-month price target on One97 Communications, the parent company of digital payments firm Paytm, citing risks of customers leaving the platform in the wake of heightened regulatory…

Macquarie cuts Paytm target on ‘serious risk of exodus of customers’

Welcome to TechCrunch Fintech (formerly The Interchange)! We’re back after a brief hiatus, and I can tell you that judging by the volume of pitches I received last week, venture…

Maybe we’ll finally see a fintech IPO in 2024

ZestMoney, a buy now, pay later startup whose ability to underwrite small ticket loans to first-time internet customers attracted many high-profile investors, including Goldman Sachs, is shutting down following unsuccessful…

Goldman Sachs-backed ZestMoney, once valued at $450M, to shut down

Affirm’s head of product Vishal Kapoor discusses buy now, play later in a debit card, and how that’s setting Affirm apart from competitors.

Affirm’s head of product discusses its new approach to buy now, pay later

There is a growing group of startups looking to expand the BNPL model into other categories.

Deal Dive: BNPL expands beyond its roots — that’s a good thing

Klarna’s Q3 2023 results are the latest in a growing list of evidence that the Swedish fintech giant is evolving into a durable company ready for an IPO.

Klarna’s financial glow-up is my favorite story in tech right now

The past year and a half have witnessed multiple startups facing valuation cuts as funding from VCs waned in an environment of rising interest rates. In this context, fintechs, especially…

Buy now, pay later platform Tabby nabs $200M in Series D funding at $1.5B valuation

Revenue in the second quarter grew at an even faster pace, up 17%.

Klarna’s Q2 results include profitable month as GMV continues growth streak

As the buy now, pay later (BNPL) market continues on its slow decline, one of the major players, Splitit, is embarking on an effort to reorganize and pivot. Splitit today…

BNPL vendor Splitit moves to go private in exchange for fresh funds

Upgrade, a provider of personal credit lines and other consumer financial products, today announced that it’s agreed to acquire Uplift, the buy now, pay later (BNPL) vendor, for $100 million…

Upgrade acquires travel-focused BNPL startup Uplift for a song

Affirm has become the first buy now, pay later player to be added to Amazon Pay, the two companies announced today. As part of the new partnership, any Amazon Pay merchants…

Amazon Pay taps Affirm to be its first buy now, pay later player in the US

The funding landscape in Southeast Asia is still wintery, but one fintech managed to land a major round. Kredivo Holdings, which offers credit services to underbanked consumers in Indonesia and…

Southeast Asian credit fintech Kredivo scores $270M Series D

Klarna has had a publicly difficult few quarters. Now that we have its 2022 financial data, we can look more closely at how it performed amid all the noise.

How much progress is Klarna making toward profitability?
Fintech

Klarna wins over the US

5:00 am PST • February 22, 2023

The U.S. is now Swedish payment giant Klarna’s biggest market by revenue, surpassing Germany, and that has CEO and co-founder Sebastian Siemiatkowski feeling proud. In an exclusive interview with TechCrunch,…

Klarna wins over the US

As inflation and interest rates climbed, consumer-focused BNPL players have struggled with increased defaults amid less discretionary spending.

Is this the end of the BNPL boom?
Fintech

Protect me from what I want

10:00 am PST • January 21, 2023

Buy now, pay later is an alluring option for consumers. But with rising debt and inflation, perhaps the focus should be on companies that help protect borrowers from digging themselves…

Protect me from what I want

MENA-based buy now, pay later startup Tabby has raised $58 million, led by Sequoia Capital India and STV, at a valuation of $660 million. The investors co-led the fintech’s Series…

Tabby raises $58M at $660M valuation as PayPal Ventures makes first investment in the GCC

The buy now, pay later (BNPL) market was once seen as a bulletproof investment, given the meteoric rise of players like Klarna and Afterpay during the pandemic. But increased scrutiny…

OatFi secures capital to power BNPL services for SMBs

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our…

Varo’s bank charter milestone, more corporate cards and BNPL under a microscope

In a shot across the bow to the buy now, pay later (BNPL) industry, the U.S. Consumer Financial Protection Bureau (CFPB) today issued a report suggesting that companies like Klarna…

CFPB signals that regulation is coming for BNPL

Ratio makes the discounts unnecessary by giving SaaS companies capital upfront so they can offer customers more flexible payment options.

Ratio bags $411M in equity, credit for flexible subscription payment models

Kafene, a lease-to-own startup aimed at underbanked consumers who don’t have access to traditional credit, raised $18 million in a Series B funding round. While there are similarities to the…

Lease-to-own fintech startup Kafene raises $18M to battle BNPL

Featured Article

Klarna, Affirm show how expensive fintech growth can be

Why are Klarna and Affirm worth as much as they are, given that they are unprofitable, cash-consuming businesses seemingly unable to generate corporate net income off of consumer lending despite a presumed tech advantage?

10:30 am PDT • August 31, 2022
Klarna, Affirm show how expensive fintech growth can be

The shortage of agricultural inputs like fertilizer, unpredictable prices and the proliferation of substandard products into markets are some of the biggest challenges for Kenya’s agricultural sector. This impact is…

Kenyan agtech iProcure raises $10.2M to grow its input supply network

Blockchain-based games have seen a surge in popularity, but playing them is getting expensive. Play-to-earn games like StepN require players to purchase an NFT before they can participate, while other…

Play now, pay later: Halliday bags $6M seed round led by a16z

Kontempo, a startup offering buy now, pay later (BNPL) and interest-free installment plans to business-to-business (B2B) customers, today announced that it raised a $30 million seed round in a mix…

Kontempo lands fresh capital amid the boom for B2B BNPL

“Buy now, pay later” (BNPL) startups have gained traction by targeting consumers, but BNPLs for businesses are also starting to take off. One example is Fairbanc, which is based in…

Fairbanc provides BNPL for micro-merchants in Indonesia

Klarna’s announcement that its long-expected funding round has come to a close brought with it one of the steepest valuation resets in memory, at least as far as operating businesses…

Now that Klarna has a new valuation, is Affirm cheap?